SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as US$3 billion in what could be Thailand’s largest ever initial public offering (IPO), according to people familiar with the matter.
The chemical company plans to offer as many as 3.85 billion new shares to raise funds for business expansion and debt payment, according to a regulatory filing Wednesday. The filing did not give any details on price range or fundraising size.
SCG Chemicals targets to raise at least $2 billion in the Bangkok IPO as soon as this year, the people said, asking not to be identified discussing confidential information. Considerations are ongoing and details could…
